P&H HC: Offence u/s 295A won’t be Attracted if Act done Without Malicious Intent || Ker. HC: No Liability on RTO to Pay Compensation if Vehicle Owner Fails to get it Insured || Guj. HC: Elected Members Must Not Disrepute the Institution to Which they are Elected || All. HC: Scheme of A&C Act Put no Limitation for Application of Doctrine of Severability to an Award || Kar. HC: Apprehension of Not Getting a Fair Trial is Required to Seek Transfer of Case || Ker. HC: Not Granting Divorce Despite Mutual Consent Amounts to Cruelty || Tel. HC: Elders in the House Can’t Decide Custody of Child || All. HC: Gravity of Misconduct and Past Conduct Relevant to be Considered by Disciplinary Authority || P&H HC Issues Guidelines on Proclamation u/s 82 CrPC || SC: Can File Complaint Under Repealed FERA Provisions During Sunset Period After Enforcement of FEMA

Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1 - (15 Apr 2020)

BANKING

Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the moratorium allowed by the Reserve Bank of India (RBI) by its circular issued on 27th March, 2020. The Court has observed that the intention of the RBI while issuing the regulatory package was to maintain status quo with regard to the classification of accounts of the borrower as they existed on 1st March, 2020.

Tags : DELHI HIGH COURT RESERVE BANK OF INDIA STATUS QUO ON ACCOUNT CLASSIFICATION

Share :